New York Testing Laboratories Reports Financial Results

New York Testing Laboratories Inc. (NYTL) Monday announced its results for the first six months of 1990. Revenues for the six months ended June 30, 1990 increased by $111,756 as compared to the same period in 1989. For the three month period ended June 30, 1990, revenues increased by $127,241 over 1...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Doran, Jim
Format Newsletter
LanguageEnglish
Published New York Business Wire 27.08.1990
Subjects
Middle Atlantic
Quarterly reports
Revenue
Testing services
Westbury
NY
US
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Summary:New York Testing Laboratories Inc. (NYTL) Monday announced its results for the first six months of 1990. Revenues for the six months ended June 30, 1990 increased by $111,756 as compared to the same period in 1989. For the three month period ended June 30, 1990, revenues increased by $127,241 over 1989. The increase in revenues occurred in the revenues from testing services, primarily the revenues of the company's wholly owned subsidiary Laboratory Testing Services Inc. NYTL is pleased to announce that it achieved a profit from operations of $32,142 for the quarter ended June 30, 1990. This represents an increase in operating profit of $250,599 compared with the same quarter in 1989. The net income for the quarter was $144,214, which reduced the company's loss for the six months to $189,048. (excerpt)